Overview Of The Companies Act 2006 Key Provisions
Mondaq Business Briefing › United States Law Articles in English (2007)
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Overview Of The Companies Act 2006 Key Provisions
Provisions coming into force on 1 October 2007 will have an immediate impact on businesses' day-to-day operations.
On 1 October 2007 some of the key provisions of the UK Companies Act 2006 (the Act) will come into force, including those relating to part of the new statutory statement of directors' general duties, derivative claims, the business review, shareholder resolutions and meetings. This will have an immediate impact on businesses and how they are run on a day-to-day level. Below we have highlighted in brief some of the main provisions concerned.DirectorsDirectors' DutiesSections 171 to 177 of the Act codify seven general duties of a director: (1) to act within ...See the full content of this document
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